Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic
UK economy grew by only 0.1% in NovemberBusiness live updates: UK may avoid 2022 recession
In normal circumstances the fact that the UK economy eked out a bit of growth in November would be of little relevance, especially since the 0.1% monthly expansion was partly the result of extra spending on food and drink during the World Cup.
Yet for a government sorely in need of some good – or even some less bad – news, the latest bulletin from the Office for National Statistics (ONS) provides some hope that the economy may have avoided falling into recession in late 2022.
Continue reading…Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erraticUK economy grew by only 0.1% in NovemberBusiness live updates: UK may avoid 2022 recessionIn normal circumstances the fact that the UK economy eked out a bit of growth in November would be of little relevance, especially since the 0.1% monthly expansion was partly the result of extra spending on food and drink during the World Cup.Yet for a government sorely in need of some good – or even some less bad – news, the latest bulletin from the Office for National Statistics (ONS) provides some hope that the economy may have avoided falling into recession in late 2022. Continue reading…